Visa Purchasing Card

Customizing spending limits to your business needs and expenditures.
Riyad Bank Visa Purchasing Card has been introduced to offer businesses better control over procurement by adjusting spending limits based on your requirements.

Overview

We understand that each business has its own needs; therefore we offer customized spending limits to help with purchasing and reconciliation and to have a more efficient procurement process.

The Riyad Bank Visa Purchasing Card is a payment card that can also be assigned to separate personnel and departments with variable controls, such as limits per month and per transaction, number of transactions per day and per month and types of suppliers or services.

Possibility of issuing more than one card

Applying spending controls based on each employee's purchasing authority

Multiple expense categories through a single card

Can be issued for the company executives to cover their official expenditures

Can be issued according to the company guidelines in purchasing goods

Can be used to withdraw money from ATM machines

Keeps purchasing process in control

Improving the procurement process through time saving

Improving the managerial control by providing transaction spending reports